On September 13, 2021, the U.S. House and Ways Committee released the initial draft of the tax reform provisions that are intended to help fund programs under President Joe Biden’s Build Back Better plan. While changes to the proposed tax reform are expected during the budget reconciliation process, the following blog post explores key provisions […]

Homeowners and businesses across the country have experienced weather-related disasters in recent months. From hurricanes, tornadoes and other severe storms to the wildfires again raging in the West, natural disasters have led to significant losses for a wide swath of taxpayers. If you’re among them, you may qualify for a federal income tax deduction, as […]

On Tuesday, August 10, 2021, the Internal Revenue Service (IRS) released guidance through Rev. Proc. 2021-33 stating that businesses applying for an employee retention tax credit (ERTC) will now have a safe harbor option, which will allow them to exclude certain items from their gross receipts when determining eligibility for the program. The IRS noted […]

Did you receive a payment from the IRS that you were not expecting? In our previous blog post titled Child Tax Credit Payments: Exploring Key Details Parents Should Know, we explored the history of Child Tax Credit (CTC), recent changes to the CTC and IRS plans for issuing advanced credit payments. The first advanced payment […]

Learn about the recently updated Child Tax Credit advance payments including the need to estimate the 2021 deduction value.

Read our latest blog detailing the key tax changes in Biden’s Build Back Better initiative and what that means for you. – Atlanta CPAs

Read our latest blog detailing the proposals for individual taxpayers with the American Family Plan – Atlanta CPAs

What is a REIT? Learn the answer to this important question and about the tax advantages of a REIT investment - CPA Firms Atlanta GA

Read about how your federal taxes may change under a Biden presidency and how you should factor it in to your 2021 tax planning. – Atlanta GA Tax CPAs

Learn about the IRS’ proposed regulations addressing the deductibility of meal and entertainment expenses. – Atlanta Tax CPAs